Amana Academy Inc
- Assets
- $13.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 134
- Location
- Alpharetta, GA
- Founding
- 04/2004
- Data as of
- 06/2021
- EIN
- 16-1675588
Organization Overview
Amana Academy Inc is located in Alpharetta, GA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Amana Academy Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amana Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Amana Academy Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $10.5m during the year ending 06/2021. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR HIGH ACADEMIC ACHIEVEMENT BEYOND WHAT THEY THINK POSSIBLE, SO THAT THEY BECOME ACTIVE CONTRIBUTORS TO BUILDING A BETTER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMANA ACADEMY IS A PUBLICLY FUNDED FULTON COUNTY GEORGIA CHARTER SCHOOL THAT STRIVES FOR AN ENVIRONMENT THAT EMPHASIZED HIGH ACADEMIC ACHIEVEMENT, CRITICAL THINKING WHILE STILL LEAVING THE DOOR OPEN FOR INDIVIDUAL LEARNING STYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ehab Jaleel Hce | 40 | $120,874 | |
Kaamilah Chester Treasurer | OfficerTrustee | 1 | $0 |
Dr Keona Lewis Secretary | OfficerTrustee | 1 | $0 |
Christina Lennon Board Chair | OfficerTrustee | 1 | $0 |
Jack Murphy Member | Trustee | 1 | $0 |
Doannie Tran Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,282,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,405,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,687,544 |
| Total Program Service Revenue | $29,320 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,716,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,337,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,800,233 |
| Payroll taxes | $88,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,079,645 |
| Advertising and promotion | $298,672 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $336,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,617 |
| Insurance | $53,857 |
| All other expenses | $611,731 |
| Total functional expenses | $10,531,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,503 |
| Net Land, buildings, and equipment | $7,035,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,959,198 |
| Total assets | $12,963,609 |
| Accounts payable and accrued expenses | $278,746 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,609,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,607,053 |
| Total liabilities | $16,495,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,957,490 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$1,574,443 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,963,609 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Amana Academy Inc has recieved totaling $179,514.
| Awarding Organization | Amount |
|---|---|
Kendeda Fund Wilmington, DE PURPOSE: AMANA WEST ATLANTA SITE DEVELOPMENT AND WRAP-AROUND SERVICES | $125,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $45,000 |
Every Student Every Community Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $514 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |